Golden State Wealth Management LLC Invests $68,000 in RH (NYSE:RH)

Golden State Wealth Management LLC purchased a new stake in RH (NYSE:RH) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 173 shares of the company’s stock, valued at approximately $68,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Creative Planning boosted its position in shares of RH by 4.2% in the 2nd quarter. Creative Planning now owns 2,426 shares of the company’s stock valued at $593,000 after purchasing an additional 97 shares during the period. Sanctuary Advisors LLC purchased a new stake in RH in the second quarter valued at approximately $601,000. CWM LLC boosted its holdings in shares of RH by 47.2% in the third quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after acquiring an additional 150 shares during the period. Blue Trust Inc. grew its position in shares of RH by 308.3% during the third quarter. Blue Trust Inc. now owns 98 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of RH by 1.7% in the 3rd quarter. Raymond James & Associates now owns 13,083 shares of the company’s stock valued at $4,375,000 after acquiring an additional 219 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Stock Up 1.5 %

Shares of NYSE RH opened at $403.14 on Tuesday. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 115.84, a price-to-earnings-growth ratio of 3.02 and a beta of 2.42. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The firm has a 50-day moving average price of $408.91 and a 200 day moving average price of $343.30.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same quarter in the previous year, the business posted ($0.42) earnings per share. RH’s revenue was up 8.1% on a year-over-year basis. Equities research analysts expect that RH will post 4.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RH has been the subject of a number of recent research reports. Loop Capital increased their price target on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Stifel Nicolaus raised their price target on RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Barclays raised RH from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. BNP Paribas reiterated an “underperform” rating and issued a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Finally, Robert W. Baird upped their price target on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, RH has a consensus rating of “Moderate Buy” and an average target price of $431.60.

Insider Buying and Selling at RH

In related news, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the sale, the chief accounting officer now owns 484 shares of the company’s stock, valued at approximately $216,444.80. This represents a 91.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,880 shares of company stock valued at $29,129,879. Insiders own 28.10% of the company’s stock.

About RH

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.